The Consequences of Brexit for the UK

Abstract

This research aims to analyze the consequences of Brexit for the United Kingdom. European Union is an organization made after the II world war to establishing peace among member countries. The Referendum has been held by the United Kingdom became a significant incident in world history. 28 countries were as member countries and now it became 27 after the withdrawal of the UK. This Research has followed only secondary data and consist both qualitative and quantitative data. Furthermore, this research aims to find out the positive and negative consequences of the Brexit, the people of the United Kingdom needs a change from the long period of the process of the European Union. The people had many reasons for accepting the withdrawal of the United Kingdom from the European Union. On behalf of that, the Prime Minister who was in that time called a referendum and pursuit the response of people, after that the result remained opposite the Prime Minister’s idea. As a consequence of that, the Prime Minister had to resign and obey the view of people in the United Kingdom. According to the findings, many issues have been faced by the United Kingdom after Brexit. They had a loss in the Schengen area facilities, imposed higher tariffs on imports, Brexit could also affect the economy of the United Kingdom through changes in investment, migration, and regulation. Besides that, there are some good impacts happen in the United Kingdom after the Brexit as well. The people could know their country’s internal situations, the Brexit has given the various results for the United Kingdom, the political and economic sectors have been influenced more by the Brexit and the government of United Kingdom has to empower their people than a pre-Brexit period